PressTV.ir
Tue Jul 24, 2012
12:28AM GMT
US stock markets have dropped amid concerns about the eurozone debt crisis, renewed fears that Spain may be unable to avoid a costly bailout, and talk of a possible Greek exit from the eurozone.
Traders at the Goldman Sachs post are seen on the floor of the New York Stock Exchange at the closing bell on July 23, 2012.
On Monday, the Dow Jones Industrial Average once lost over 200 points but finished the day at 12,721.46, down 101.11 points (0.79 percent), AFP reported.
On Monday, the Dow Jones Industrial Average once lost over 200 points but finished the day at 12,721.46, down 101.11 points (0.79 percent), AFP reported.
The Standard & Poor's 500 Index fell 12.14 points (0.89 percent) to 1,350.52, while the Nasdaq Composite Index shed 35.15 points (1.20 percent) to 2,890.15.
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Comments
Today is July 27, and the
Today is July 27, and the market went up more than 200 points yesterday and it still is poing up by 60 points this morning.
Why do you post this so not so timelly info which does not have any relevance?
If anything, please check latest info, the post it.
Did you read the article?
Did you read the article? It's relevant.
"The Wall Street rout extended last week's losses on the news from Spain, raising fears that the eurozone's fourth-largest economy may need to be rescued.
The Spanish economy is suffering from the aftershocks of a real estate bust that has devastated not just the banks, but families as well.
Battered by the global financial downturn, the Spanish economy collapsed into recession in the second half of 2008, taking with it millions of jobs.
The worsening eurozone debt crisis has increased Spain's financing costs and the country is seeking a European Union bailout similar to the one Greece received.
Greece has been at the epicenter of the eurozone debt crisis and is experiencing its fifth year of recession, while harsh austerity measures have left about half a million people without jobs.
One in every five Greek workers is currently unemployed, banks are in a shaky position, and pensions and salaries have been slashed by up to 40 percent.
Greek youths have also been badly affected, and more than half of them are unemployed.
The long-drawn-out eurozone debt crisis, which began in Greece in late 2009 and reached Italy, Spain, and France last year, is viewed as a threat not only to Europe but also to many of the world’s other more developed economies."
I fully agree with you in
I fully agree with you in that the financial collapse seems extremely probable. In fact, I have been eagerly waitinng to see some tangible evidences that the market is crumbling, not just few hundred points, but to a point of total meltdown. I would like to believe that may trigger wide-spread even bigger and deeper shakedowns across all systems, be it political, judicial, pharmaceutical, social, And new age spirituality groups.
All I wanted to convey was that the information you posted was more than 72 hours old, therefore does not have any relevance to the current market conditions. You may not be a investment savvy person, but every single minute counts a lot in the financial market.
Please check the timeliness of your info, because what you posted certainly made this site look not so reliable or trustworthy.
Thank you
Thank you for pointing that out. I understood what you were trying to convey. And again, I disagree. The fact that the market plunged on Monday is important because it was a recent and important sign and because the reasons it plunged are not going away. This was a harbinger of things to come in the near future. Perhaps you disagree but that's okay. I answer to a higher authority when it comes to posting. Heheh.
I AM sorry that you view the posting of this information as making us look not so reliable or trustworthy, but WE ARE not trying to misrepresent or hide anything. The date of the article is included, the caption mentions July 23rd, and the first sentence mentions Monday.
We all do the best we can. If you would like to help, contact us. Perhaps you could be responsible for reporting on market conditions. We are all very busy and could always use some help beyond the occasional comment. It's all about service to humanity, which we are engaged in 24 hours a day.
namaste